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S&P 500, Dow and Nasdaq slide as inflation shows no signs of abating. May CPI inflation accelerated 8.6%, faster than forecasts for 8.2%.
This year’s market rally went beyond stocks. Bitcoin, which was below $17,000 just two years ago, climbed above $100,000 for the first time. And gold also shattered records on its way to a 27.4% ...
Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was a global, severe and largely unexpected [1] stock market crash on Monday, October 19, 1987.
On September 30, 2010, after almost five months of investigations led by Gregg E. Berman, [41] [42] the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint report titled "Findings Regarding the Market Events of May 6, 2010" identifying the sequence of events leading to the flash crash ...
The S&P 500 peaked for the year at 4,796 on its January 3, 2022 close, before declining 25% to its low for the year in October 2022. [11] [12]In the first 6 months of 2022, the S&P 500 fell 21%, the worst 6-month start to a year since 1970.
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This downturn can be viewed as part of a larger bear market or correction that began in 2000 after a decade-long bull market had led to unusually high stock valuations, according to a report by the Cleveland Federal Reserve. [1] The collapse of Enron is a prime example. Many internet companies (Webvan, Exodus Communications, and Pets.com) went ...
144 years ago, the Great Fire of Chicago took over the city, causing hundreds of millions of dollars in damages.